American Century Companies

American Century Companies is a privately controlled and independent investment management firm.

American Century Companies, Inc.
TypePrivate
IndustryFinancial services
FoundedKansas City, Missouri, U.S. (1958)
HeadquartersKansas City, Missouri, U.S.
Key people
Jonathan Thomas, CEO and president
James E. Stowers, Jr., Founder
ProductsMutual funds, institutional separate accounts, commingled trusts and sub-advisory accounts
Number of employees
1,300 (2012)
Websitewww.americancentury.com
American Century Towers, Kansas City, Missouri

Operations

The Building has approximately 1,300 employees and its headquarters are located at 4500 Main in Kansas City, Missouri, near the Country Club Plaza; the company also has offices in New York, London, Hong Kong, Sydney, Mountain View, California and Kansas City, Missouri.

History

The company was founded by James E. Stowers, Jr. in 1958 as "Twentieth Century Mutual Funds", a family of no-load funds, in Kansas City, Missouri.[1] Stowers started the funds in 1958 with just $100,000 in assets from 24 shareholders.[2] He built his business concentrating on small investors. The company changed its name to American Century Investments in 1997.[3] American Century's headquarters are located at 4500 Main in Kansas City, Missouri, near the Country Club Plaza, and employs around 1,300 people.

In 2011, JP Morgan Chase sold their 41% stake in ACI to Toronto based bank CIBC.[4][5] CIBC resold its stake to Nomura Holdings for around $1 billion as it could not gain full control of ACI. The stake gave Nomura 10.1% of the voting rights.[6]

Subsidiary
  • American Century Investment Management, Inc.
  • American Century Investment Management (Asia Pacific) Limited
  • American Century Investment Management (UK) Limited
  • American Century Investment Services, Inc.

References
  1. "James E. Stowers Jr., founder of American Century and the Stowers Institute, dies". kansas. Retrieved 2019-03-12.
  2. "James E. Stowers Jr., Founder of American Century Investments, Stowers Institute For Medical Research, Dies at Age 90". PRWeb. Retrieved 2019-03-12.
  3. "James Stowers, American Century Investments founder, dies at 90". www.investmentnews.com. Retrieved 2019-03-12.
  4. "Archived copy". Archived from the original on 2011-09-27. Retrieved 2011-07-25.CS1 maint: archived copy as title (link)
  5. "Archived copy". Archived from the original on 2011-07-19. Retrieved 2014-07-01.CS1 maint: archived copy as title (link)
  6. Fukase, Atsuko (2015-12-21). "Nomura to Buy 41% Stake in U.S. Mutual-Fund Manager". WSJ.com. Retrieved 2016-07-15.
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